Lovelace is Partnering with LuxFi

Lovelace World
2 min readFeb 16, 2022

Lovelace world is proud to announce another unique partnership aimed at tackling a growing problem, welcome, LuxFi. The luxury goods market is an industry heavily plagued by counterfeit products, a multibillion-dollar underground market, and consumers left paying the prices, LuxFi is here to fix that.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets such as watches, handbags, shoes from the likes of everyone’s favorite high street brands. With a particular focus on items that tend to hold or generally increase in value, LuxFi has the added advantage of drawing attention from savvy investors and collectors.

Secondly, the authenticity of luxury goods becomes increasingly more questionable with millions of dollars worth of knock-offs crossing borders every day. Luxfi’s solution? Authentication on the blockchain through the minting of item-specific NFTs backed 1/1 with provable providence.

Lovelace will assist LuxFi in growing its brand and customer base by offering its NFTs on the Lovelace Marketplace, collaborating on innovative marketing campaigns, and extending the use of the metaverse-as-a-service toolkit.

Additionally, LuxFi will provide its marketplace users the option of paying with $LACE as well as providing additional incentives and benefits for holders of both $LACE and $LXF tokens.

About LuxFi

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

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About Lovelace

Lovelace empowers creators to realize the potential of the Metaverse through its NFT marketplace, Play-to-Earn gaming engines, smart contracts, launchpad, and partner integrations.

Our Metaverse-as-a-Service toolkit helps creators breathe life into their NFTs, games, digital economies, and worlds across Cardano and other blockchains.

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